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By Greg Roumeliotis and Jessica Toonkel NEW YORK (Reuters) - AT&T Inc is set to announce as early as Saturday an $85 billion deal to buy Time Warner Inc , sources familiar with the matter said, giving the telecom company control of cable TV channels HBO and CNN, film studio Warner Bros and other coveted media assets. Telecommunications companies have been looking for quality content to stream over their high-speed networks, hoping to attract a growing group of viewers who want to ditch traditional pay-TV packages in favor of streamlined offerings or watching online. AT&T will pay $110 per Time Warner share, half in cash and half in stock, worth about $85 billion overall, sources told Reuters.
Somali pirates have freed 26 Asian hostages held for nearly five years after the hijacking of their fishing vessel, the last commercial ship seized at the height of the country's piracy scourge, negotiators said Saturday. The crew of the Naham 3, the second longest held hostage by Somali pirates, were taken captive when their Omani-flagged vessel was hijacked in March 2012 south of the Seychelles. "We are very pleased to announce the release of the Naham 3 crew early this morning," said John Steed, the Coordinator of the Hostage Support Partners (HSP) who helped negotiate their release.
MOSCOW (AP) — The entire territory of Syria must be "liberated," Russian President Vladimir Putin's spokesman said in remarks televised Saturday, dismissing demands for Syrian President Bashar Assad's departure as "thoughtless."